As you see in the 1H time frame, after a significant rise, price could not make higher highs and started to drop.
Currently, price has broken the support level at 1.2990 and is making a lower low.
We can see there is a strong bearish pressure and if this current 1 H candle will be closed below the yellow support level, I expect a continuation on downside move to 1.29
Currently, price has broken the support level at 1.2990 and is making a lower low.
We can see there is a strong bearish pressure and if this current 1 H candle will be closed below the yellow support level, I expect a continuation on downside move to 1.29
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.